The International Air Transport Association says the price of jet fuel has continued to increase in recent weeks, with its price increasing by 70 per cent since the start of 2021.
According to IATA, the Switzerland-based trade organisation representing over 290 international airlines, the increase in Jet A1 price is putting pressure on airlines’ operating costs and threatening the industry’s profitability.
IATA said jet fuel price continued to trend upwards in recent weeks as economic activity restarted around the world and supply remained tight.
